Alikze »» TRX | Wave 3 or C bullish scenarioIn time 2W, after an ascending wave and a double correction at the bottom of the channel, after successfully exiting the concentration, it is moving towards the specified targets. This upward wave is due to the structure in wave 3, whose micro waves will be presented in the next updates. But this upward move will have the ability to reach at least $0.58 and $1.2 in the long term. If no candlestick penetrates below 0.5177, this analysis will be valid for the specified purposes.
🟩Sup:0.097
⛳️Tp 1:0.177
⛳️ Tp2 : 0.58413
⛳️ Tp3 :1.23008
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Alikze »» EDU | Descending channel🔍 Technical analysis: Descending channel
- It is moving in a descending channel in the 8H time frame.
- At the bottom of the channel, a strong buying pressure candle has been encountered.
- Currently, we have to wait for the failure of the supply zone to exit the downward channel.
- If the supply zone breaks, it can have the targets of 0.9769 and 1.1719.
💎 Alternative scenario: In addition, if it encounters selling in the middle of the channel and below the supply range, it can retest the bottom of the channel. The first target of the downtrend will be the 0.39 range.
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Gold Update (Elliott Wave Analysis)Gold’s been in a downtrend since late October, wrapping up Elliot Wave 5.
But here’s the kicker: on the 4H chart, we’re spotting a possible inverse Elliot wave cycle. 📉
We’re nearing the end of this correction phase and gearing up for a bullish breakout! 🚀 Currently, we’re trading in a robust Daily demand zone, eyeing a reversal that could kickstart a fresh Elliot cycle. Targeting the supply zone at $2762-$2790. 📈
Plan: Enter at the end of Wave 2 to ride Wave 3 and hold until Wave 5 wraps up, with a trailing stop loss to lock in those gains. 🤑
Get ready to ride the wave! 🌊💰
BTCUSDT. Daily and Hourly Timeframe AnalysisHello traders and investors!
Let’s see where to expect a buyer's resumption.
Daily Timeframe
On the daily TF, the upward movement has significantly slowed down. The last buyer's impulse consists of just one bar and only slightly exceeded the previous all-time high. The bar itself has decreasing volume, indicating a lack of interest from both buyers and sellers at these price levels. The starting level of the last buyer's impulse is 85,072. A period of sideways movement might be ahead.
It is advisable to look for buying opportunities from the buyer’s defense of the last impulse starting level at 85,072.
Hourly Timeframe
On the hourly TF, a range has formed. The lower boundary is 85,072, and the upper boundary is 89,940. The seller’s vector 7-8 is currently relevant, with a potential target of 86,128.
It is advisable to look for buying opportunities from the buyer’s defense of 86,128 or 85,072, aiming to realize the buyer’s vector 8-9 (with potential targets at 89,940, 91,790, and 93,265). The 85,072 level is more important as it is also a daily level.
Good luck with your trading and investments!
Sell XAU/USD (Gold) Bearish ChannelThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2560, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2524
2nd Support – 2501
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XAUUSD. Daily and Hourly timeframes analysisHello traders and investors!
Daily Timeframe Analysis
On the daily timeframe, there is a short (downward) trend. The price has corrected to the 50% level of the last buyer's impulse on the monthly TF at 2538.5. There have been three consecutive daily bars with increasing volume. The last bar shows a large selling wick, which began after the price interacted with the 2538.5 level. And for today, this is the key bar of the seller's impulse in the forming new impulse. The level marking the start of the last seller's impulse on the daily TF is 2710.52.
At the 50% level of the last buyer's impulse on the monthly TF, we can expect the formation of reversal patterns.
The current priority is selling. Selling opportunities can be considered from the seller’s defense at 2581 and 2589.
Hourly Timeframe Analysis
On the hourly TF, aggressive buying can be considered from the buyer’s defense at 2559.89. The key bar (highest volume, "KC" on the chart) of the buyer's impulse is exactly at the 50% level of the impulse. Additionally, a buyer's zone has formed at the base of the impulse (green rectangle on the chart). However, it’s better to set nearby targets. A similar situation occurred recently with silver, where after reaching the nearest target for long positions, the price reversed and updated local lows.
For conservative purchases, there is no context yet. Ideally, the price should return above 2604.39, and then look for a pattern for buying.
The previous detailed analysis is available in the related post.
Good luck with your trading and investments!
Buy NZD/JPY Descending Triangle The NZD/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 91.65
Target Levels:
1st Resistance – 92.11
2nd Resistance – 92.34
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Alikze »» BABYDOGE | Pull back to broken structure🔍 Technical analysis: Pull back to broken structure
- According to the analysis presented in the previous post , after reaching the dynamic trigger, a zigzag correction was encountered, which extended to the floor range of the dynamic correction trigger.
- Currently, in the weekly time frame, after exiting the density, it has succeeded in breaking the neckline, which has advanced to the supply area.
- Now it can continue the upward path in the supply area with a pullback to the range of the blue bar or green box, after the failure of the dynamic trigger, to the next supply range.
💎 Alternative scenario: In addition, if it faces selling pressure in the supply area and has a sharp correction, this correction can extend to the next blue bar.
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OKX:BABYDOGEUSDT
Alikze »» TIA | Pull back to broken structure🔍 Technical analysis: Pull back to broken structure
- In the daily time frame, it is moving in a downward channel, which met with demand in the liquidity area. According to the latest analysis presented in the region, there was a demand that grew up to the ceiling of the descending channel.
- Currently, it is moving in an ascending channel within the descending channel, which can continue its growth with a pullback to the broken structure.
- Therefore, this return in the range of the green box or in the middle of the channel can meet the demand again and continue its growth until the supply area.
💎 In addition, if it faces more selling pressure in the Liquidity Area and moves sharply, it can break the range, in which case the bullish scenario will be invalidated.
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BINANCE:TIAUSDT
Buy AUD/JPY BreakoutThe AUD/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 101.15
Target Levels:
1st Resistance – 101.83
2nd Resistance – 102.30
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XAGUSD. Trading opportunityHello traders and investors!
Let's look for trading opportunities in silver.
Daily Timeframe (TF)
On the daily TF, the price has formed a range (sideways movement) that began in April. The upper boundary is at 32.5185, and the lower boundary is at 26.0185. The buyer's vector from point 8 to 9 has hit its target of 31.755 and successfully broke above the upper boundary of the range. However, the seller returned the price back into the range. The current vector of the seller is from point 9 to 10, with a potential target of 26.471.
We are now seeing an attempt by buyers to reverse the price upwards. The price came close but didn't quite reach 30.12, the start of the last sub-impulse of the buyer on the daily TF, which is likely to attract the price. It's better to look for selling opportunities on the daily TF from the seller’s defense of the key seller's candle (highest volume) when the price returns to the range. This level is at 32.16.
Hourly Timeframe (TF)
On the hourly TF, there is a long trend following accumulation in a range. The defense level of the breakout from the range is 30.6445. Locally, it is possible to look for buy opportunities from the buyer’s defense zone between 30.84475 and 30.821. Targets should be set nearby, such as the local high. It's possible the buyer could reach up to 32.16.
Good luck with your trading and investments!
XAUUSD. Waiting for the opportunity to buyHello traders and investors!
Yesterday, the price interacted with the 2604.39 level. The daily candle had increased volume, which could indicate buyer interest.
On the hourly timeframe, there is a sideways range. If the price breaks above the upper boundary of 2617.125 and the buyer successfully defends this breakout, it may be a good opportunity to look for buy positions. It would be wise to monitor how the price handles the 2627.235 level, as a seller might appear there.
These would be aggressive buy positions. Conservatively, it makes more sense to look for buy opportunities after the buyer absorbs yesterday's daily seller candle on the daily timeframe.
The previous detailed analysis can be found in the related post.
Good luck with your trading and investments!
Nov.05-Nov.11(ETH)Weekly market recapLast week, Trump defeated Democratic candidate Harris on Wednesday to win the 2024 U.S. presidential election, following his promises of several supportive cryptocurrency initiatives that are expected to materialize. These include the dismissal of the Chair of the U.S. Securities and Exchange Commission (SEC), the establishment of a strategic BTC reserve to hold digital currencies obtained from assets seized from financial criminals by the federal government, and the promotion of the U.S. BTC mining industry, with the hope that the remaining global BTC will be mined in the United States.
Currently, the U.S. is in a rate-cutting cycle, with a reduction already implemented on November 8, and another expected this year. As long as the CPI data on November 13 does not exceed expectations, the likelihood of further rate cuts is significant.
Last week, there was a substantial net inflow into ETH ETFs, indicating that following Trump's victory, the favorable monetary policy has sparked optimism and speculative behavior among investors, leading to a significant influx of capital into the cryptocurrency market.
Given the current landscape, the cryptocurrency-friendly regulatory environment, the substantial inflow of funds into ETH ETFs, and the macroeconomic benefits of the Federal Reserve's rate cuts are all catalysts for ETH's rise last week and its potential future increases.
Under the leadership of BTC, ETH exhibited a one-sided upward trend last week, with the increase nearly compensating for the decline experienced since July of this year. The WTA indicator has shown blue bars, indicative of whale activity, suggesting significant capital inflow. Meanwhile, the orange wave area of the ME indicator is rapidly tightening, signaling a weakening of bearish sentiment.
In summary, we anticipate that ETH may rise this week, although caution is warranted regarding potential pullbacks. We have adjusted the resistance level to 3400 and the support level to 3000.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Nov.05-Nov.11(BTC)Weekly market recapLast week, Trump defeated Democratic candidate Harris on Wednesday to win the 2024 U.S. presidential election, following his promises of several supportive cryptocurrency initiatives that are expected to materialize. These include the dismissal of the Chair of the U.S. Securities and Exchange Commission (SEC), the establishment of a strategic BTC reserve to hold digital currencies obtained from assets seized from financial criminals by the federal government, and the promotion of the U.S. BTC mining industry, with the hope that the remaining global BTC will be mined in the United States.
Currently, the U.S. is in a rate-cutting cycle, with a reduction already implemented on November 8, and another expected this year. As long as the CPI data on November 13 does not exceed expectations, the likelihood of further rate cuts is significant.
Last week, there was a substantial net inflow into BTC ETFs, indicating that following Trump's victory, the favorable monetary policy has sparked optimism and speculative behavior among investors, leading to a significant influx of capital into the cryptocurrency market.
Given the current landscape, the cryptocurrency-friendly regulatory environment, the substantial inflow of funds into BTC ETFs, and the macroeconomic benefits of the Federal Reserve's rate cuts are all catalysts for BTC's rise last week and its potential future increases.
BTC exhibited a one-sided upward trend last week, continuously reaching new highs near $90,000. The WTA indicator shows the appearance of blue bars representing whales. This macro shift is beginning to attract large capital. The purple wave area on the ME indicator is widening, indicating strengthening bullish sentiment.
In summary, we believe BTC may rise this week, but caution is warranted regarding potential pullbacks. We have adjusted the resistance level to $90,000 and the support level to $79,000.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Sell AUD/CAD @ Bearish FlagThe AUD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.9140, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.9093
2nd Support – 0.9058
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EURUSD LONG TRADE IDEAMARKET MAKERS BIAS (CFTC COT INDEX REPORT)
>Commercials (Blue Line) - Still at the Bullish zone
>Retailers (Red Line) - Still at the Bearish zone (Always Wrong)
>Fund Managers (Orange Line) - The Trend Followers, They are rolling over positions and added long positions this week.
Value Correlation vs. USD
>Oversold (Bullish), The EURO is 98% Negatively Correlated to US Dollar
Technical Analysis
>Since our bias for the money makers and Value Correlation analysis is Bullish, therefore we use Supply and Demand to look for a reason to be Bullish which is to find a Quality demand zone
>Our highlighted Weekly/Daily Demand zone has explosive imbalance candles that could mean there could still be unfilled orders that was not filled before.
Disclaimer: This post is for informational and educational purposes only and should not be considered financial advice. It reflects general market fundamentals and personal speculation. Always do your own research and consult with a professional before making any financial decisions. Trade at your own risk.
XAUUSD. Where to wait for the buyer's resumption?Hello traders and investors!
The price of gold is correcting. Let's take a look at where a reversal of the correction might occur for potential buy opportunities.
On the weekly chart, the last impulse started from the level of 2604.39. The key bar of the impulse (the one with the highest volume) is at its base. Currently, the price is within the range of this bar, but I don't see increased volumes on the daily timeframe. On the contrary, the volumes of the last three days are decreasing. Is there no buyer? We are waiting for the price to interact with the 2604.39 level, where a buyer might appear.
The next interesting range for a potential buyer resurgence is 50% of the last buyer's impulse on the monthly timeframe, which is at 2538.5.
Good luck with your trading and investments!
DXY DirectionAs long as I see clear Bullish STR on the 4H and the buyers still in control, I would like to keep selling the other symbols against the Dollar (GBPUSD/EURUSD etc'...).
As I see it, we were in a range between supply and demand (marked as trendlines) and now we are pushing into supply zone (?Let's see if it hold?).
From this point there are two scenarios for me:
1. Supply is holding and DXY will drop towards 101-102
2. Buyers will go over the sellers and keep pushing higher, to 110 zone.
*That's only my personal opinion and not any advice to take action.
And as we all know... we can't predict anything and things can change// Trade safe.
Alikze »» ETH | Ascending channel🔍 Technical analysis: Ascending channel and corner alcove formation in the green support box area
- Continuing the analysis of the previous post , the Ethereum currency faced selling pressure after reaching the daily and weekly supply range.
- After the formation of a Double Top pattern, it has had a zigzag correction to the green box range.
- It is currently moving in an ascending channel, where the recent correction has intersected with the bottom of the channel and the green box.
- Therefore, I expect it to grow up to Fibo 0.78 and the dynamic trigger after the swing breaks and creates a higher LH.
- In addition, a corner pattern with higher bottoms of the ascending channel is also formed.
💎 Alternative scenario: If it fails to break the swing and does not stabilize above it, and also sharply corrects towards the green box, it is most likely that it will break it and continue correcting towards the Buyer Zone.
💎 Probable scenario: Currently, the probable scenario is the bullish scenario according to the bullish channel and also the corner pattern pattern. Therefore, after reaching the goal, the dynamic update will be done again.
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BINANCE:ETHUSDT
AUD/CAD Sell Strategy: Testing Resistance with Downside Targe
Trade Setup: AUD/CAD is currently selling at 0.9266, targeting 0.8939.
Key Resistance Level: The 0.9270 level acts as resistance, aligning with a significant Fibonacci retracement.
Recent High & Low:
High: Recent high around 0.9380.
Low: Current low near 0.9102.
Technical Signals:
Resistance at 0.9270 marks a potential reversal zone, reflecting selling pressure.
Bearish momentum is expected toward 0.8939, which is contingent on sustained downward movement.
Market Context: Recent highs and lows frame a broad trading range, with Fibonacci levels adding technical validity to sell-side positions near resistance
Buy GBP/JPY Triangle BreakoutThe GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 197.44
Target Levels:
1st Resistance – 199.20
2nd Resistance – 200.20
Stop-Loss: To manage risk, place a stop-loss order below Support Zone. This helps limit potential losses if the price falls back unexpectedly.
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Sell EUR/GBP Channel BreakoutThe EUR/GBP pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.8392, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.8340
2nd Support – 0.8305
Stop-Loss: To manage risk, place a stop-loss order above 0.8422. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.